Tuesday, September 29, 2020
News
NEWS HOME
»
PRESS RELEASES

First Eagle to Open Its First German Office in More Than 80 Years; New Hire Louanges Will Direct International Wholesale Business From Munich
  SocialTwist Tell-a-Friend  
   


Date: 03-08-2020 4:04PM
Source: First Eagle Investment Management, LLC
Category: General, Banking & Financial Services, Financial Analyst & Investors, Accounting And Management, Business Services
Location: New York, United States

Business Wire India

First Eagle Investment Management, LLC (“First Eagle”) is pleased to announce plans to open a branch of First Eagle Investment Management Ltd. in Munich, Germany, through which the firm will serve international wholesale clients in Europe, the Middle East and Africa (EMEA) as well as in other non-US domiciles. The Munich office will be overseen by Matthieu Louanges, who joins First Eagle on August 3 as head of its international wholesale business. Louanges will be stationed in Munich in preparation for the official opening of First Eagle’s office there, expected in late 2020.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200803005114/en/

Matthieu Louanges - Head of International Wholesale Distribution - First Eagle Investment Management - Munich, Germany (Photo: Business Wire)

Matthieu Louanges - Head of International Wholesale Distribution - First Eagle Investment Management - Munich, Germany (Photo: Business Wire)

“First Eagle traces its origin to Germany, and we are excited to reestablish our local presence there after an absence of more than 80 years,” said Mehdi Mahmud, President and Chief Executive Officer of First Eagle. “Arnhold and S. Bleichroeder, the predecessor firm to First Eagle, represented the amalgamation of two storied German banks: Berlin-based S. Bleichroeder, founded in 1803, and Dresden-based Gebr. Arnhold, founded in 1864. First Eagle’s European roots run deep, and the plan to open an office in continental Europe feels like something of a homecoming. Under the leadership of Matthieu, who has extensive experience working with international clients and building and managing multinational franchises, our Munich location will help us strengthen our partnership with Amundi Asset Management and enhance our client service outreach for non-US clients worldwide.”

Louanges and his team, located in Munich and New York, will be responsible for First Eagle’s international wholesale distribution business, which includes the firm’s distribution partnership with Amundi Asset Management. The European Union and the European continent will continue to be key elements of First Eagle’s international business, and the firm expects Asia and South America to be particularly important regions of business growth moving forward. Highlighting the firm’s commitment to its international business, Louanges will report to Mahmud and will join First Eagle’s Management Committee, marking the first time a Management Committee member has been based outside of the US.

French/German binational Louanges joins First Eagle after more than 20 years at PIMCO, where he was one of the most senior leaders in PIMCO’s EMEA franchise; as Managing Director, he most recently headed up the firm’s global relationship with Allianz. Earlier in his PIMCO tenure, Louanges launched the company’s EMEA insurance channel, which over time evolved into the broader financial institutions group, and he had broad oversight responsibility for PIMCO’s business in Switzerland and France as well as its EMEA client solutions team. Louanges joined PIMCO as a portfolio manager of mutual funds and institutional mandates in 2000 upon its acquisition by Allianz, where he had been playing a similar role.

“I am excited to join First Eagle Investment Management and become a member of its Management Committee,” said Louanges. “While First Eagle’s investment proposition already has a broad client base globally, given the increasingly uncertain economic and market environment, there remains a strong appetite for solutions that combine the potential for attractive returns with downside protection over full market cycles. I look forward to working closely with Mehdi and the rest of my new colleagues to make First Eagle’s time-tested, differentiated investments solutions accessible to international clients and to support our important partnership with Amundi Asset Management.”

Louanges succeeds Robert H. Hackney, Jr., a 25-year veteran of First Eagle. Hackney will remain with the firm, first to assist in the transition of his leadership of the international wholesale distribution business to Louanges and afterward as an advisor to Mahmud and the firm’s leadership team on strategic initiatives. “Robert’s leadership has been integral to the success of our partnership with Amundi Asset Management and our international wholesale business. We have benefited from his keen strategic perspective over the years, and I look forward to his ongoing counsel as we continue to evolve the firm,” said Mahmud.

ABOUT FIRST EAGLE INVESTMENT MANAGEMENT

First Eagle Investment Management is an independent, privately owned investment management firm headquartered in New York with approximately $101 billion in assets under management as of June 30, 2020. Dedicated to providing prudent stewardship of client assets, the firm focuses on active, fundamental and benchmark-agnostic investing, with a strong emphasis on downside protection. Over a long history dating back to 1864, First Eagle has helped its clients avoid permanent impairment of capital and earn attractive returns through widely varied economic cycles—a tradition that is central to its mission today. The firm’s investment capabilities include equity, fixed income, alternative credit and multi-asset strategies. For more information on First Eagle, please visit www.feim.com. For information on First Eagle Alternative Credit, please visit www.feac.com.

First Eagle Investment Management is the brand name for First Eagle Investment Management, LLC and its subsidiary investment advisers.



CONTACTS :

Mount and Nadler
Hedda Nadler
hedda@mountandnadler.com
212.759.4440

More Press Releases

Skyhook Makes Location Accessible Through Smart Feature Phone Integrations

Andersen Global Strengthens Caribbean Presence with Addition of Templar Chambers

Wenatchee Valley College Evaluates IT Environment After Local College Hit with Ransomware

Moody’s Enhances Flagship Moody’s CreditView Platform With ESG Expertise

Sintavia Acquires Two Additional M400-4 Printers from EOS GmbH

Savonix and Fujitsu Connected Technologies Limited Partner to Introduce Savonix Mobile App on Raku-Raku Smartphone F-42A

Application of Forensic DNA Technology Critical to Deter Sexual Predators as Rape Complaints Reach Pre-Pandemic Levels

Oasis Fertility’s Groundbreaking Initiative to Beat COVID Apprehensions With IVF @Home

Boehringer Ingelheim invests to further develop the pet care market in China

Three Indian’s Launch Faceless Chat the World’s First App That Turns Facebook or WhatsApp Into an Anonymous Social Network

QuantInsti Celebrates 10 Years of Serving Quant Traders Globally

Toshiba Launches Ultra-Low Current Consumption CMOS Operational Amplifier That Contributes to Longer Operating Hours of Battery-Operated Devices

Corrugated Box Industry in Distress over Rising Kraft Paper Prices and Supply Disruptions

AEA2020: October 27th to 29th Online

Rimini Street Celebrates 15 Years of Delivering Client Success

Ares Management Corporation Names John Knox as Australia & New Zealand Chairman of Ares SSG

UL Launches Bureau of Indian Standards Recognized Heating, Ventilation and Air Conditioning Testing Services for Electronic Controllers

Mavenir acquires ip.access to expand OpenRAN radio portfolio for CSPs and Enterprise Private Networks

PCI Pharma Services Introduces First-of-its-Kind Digital Platform to Provide Clients with Real-Time Supply Chain Data and Analytics

Kissflow Partners with The Digital Workplace for a First-of-Its-Kind Tweetathon on Digital Workplace Day

India Pulses and Grains Association Hosts The IPGA Knowledge Series Webinar on Kharif Crop Outlook for 2020-21 Season

MetLife to Reduce Emissions by 30 Percent and Originate $20 Billion of New Green Investments By 2030

World Tourism Day: Reviving Travel and Tourism Industry in the Post- COVID-19 World

NTT Com Demonstration Test to Link GAIA-X Platform’s “IDS Connector” Technology and SDPF Based on Data Trust®

Dramz Global LLC Announces Its Global Video Streaming App vRockk

Mintel: 41 percent of Young Indian Beer Drinkers Are Willing to Switch to Low or No Alcohol Beer

L&T Technology Services Selected to Support Tenneco DRiV™ Ride Performance Division

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Youth kills 11 pigeons to avenge 'insult...
Pakistan violates ceasefire in J-K's Man...
Four arrested in UP's Sambhal for bettin...
Maoist killed in Chhattisgarh's Bijapur...
Patnaik launches initiative to make Odis...
Teachers in Jharkhand's Dumka turn villa...
More...    
 
 Top Stories
Adam Sandler is up for reuniting wi... 
Valliappa Foundation launches 'Anad... 
'Ishq Subhan Allah' to go off air... 
Amazon sellers expect sales growth ... 
HAL rolls out 300th Dhruv chopper i... 
Amanda Seyfried gives birth to seco... 
MECL starts exploration in Kolar Go... 
Congress misleading farmers on new ...